December 5, 2007 / 2:48 PM / 10 years ago

Toronto stock index up 100 points after OPEC move

1 Min Read

TORONTO, Dec 5 (Reuters) - The Toronto Stock Exchange's main index jumped out of the starting blocks on Wednesday, driven higher by hot energy stocks after OPEC decided to leave crude output levels unchanged.

The move by the cartel of oil-producing countries lifted U.S. crude oil futures more than $1 to $89.50 a barrel, which gave the TSX energy sector a 1.1 percent boost.

Overall, the S&P/TSX composite index .GSPTSE was up 101.65 points, or 0.75 percent, at 13,681.27 minutes after the market opened.

$1=$1.01 Canadian Reporting by Jonathan Spicer; Editing by Ka Yan Ng

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